HDFC Bank on Wednesday announced a series of offers on banking products for customers ahead of the holiday season. The lender said it has engaged several e-commerce and retail giants, as well as more than 2,000 hyperlocal and kirana stores for cash back rewards and specials.
Through “Festive Treats”, it will offer 50% off processing fees on auto loans, personal loans and business growth loans and no processing fees on two-wheeled loans. One can get cash back up to 22.5% and convert their purchases to EMI at no additional cost on brands like Samsung, LG, Sony, Godrej and Panasonic.
The bank will also offer up to Rs 7,000 cashback on all Apple products, including the latest launches of the technology company.
Due to Covid-19, customers will be able to take advantage of all deals and offers digitally. “These are unprecedented times, but after the lockdown we are seeing green shoots. We want to increase consumption through offerings, ”said Aditya Puri, MD, HDFC Bank.
“Consumers have curbed their purchases during the lockdown, there is a lot of pent-up demand. Over the past 2-3 months
We have seen a resurgence of customer interest and purchasing habits and we see this continuing throughout the holiday season, ”added Parag Rao, Country Manager at HDFC Bank.
HDFC Bank has partnered with retail brands for in-store and online purchases. Several e-commerce majors and retail and consumer brands like Amazon, Myntra, Pepperfry, Swiggy, Grofers, Bata, Monte Carlo will be offering specials and cash back rewards. It has also approached hyperlocal stores and kirana to align several offers at the regional level.